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5 Things to Know Today: Canada Enters Recession, Oil Slips on Iran Ceasefire Talk

Saturday, May 30, 2026 — Your quick-hit Canadian financial briefing for the day. 1.Canada Officially Meets the Definition of a Technical Recession Statistics Canada confirmed Friday that real GDP contracted 0.1% on an annualized basis in Q1 2026 — following a revised 1.0% drop in Q4 2025 . That's two straight quarters of negative growth, which meets the technical definition of a recession. The miss was a big one: economists had forecast growth of 1.5% . The main culprits were a surge in imports (up 2.9%, largely gold), declining business capital investment (down 0.7% — its fifth consecutive quarterly drop ), and weakness in resource extraction and construction. On a per-capita basis, GDP actually edged up 0.2% as Canada's population shrank for the second quarter in a row. Not everyone is ready to call it a full recession: some economists note that three of the four weak months were isolated, and early April data points to a sharp 0.4% rebound . Still, the numbers ...
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Ontario Invests $250M to Expand Fertility Care and Cut IVF Wait Times



The Ontario government has announced a $250 million investment to expand access to in vitro fertilization (IVF) services, aiming to significantly reduce wait times for families seeking fertility treatments.

As part of the initiative, 25 fertility clinics across the province—including six new facilities—will receive the first round of funding under the Ontario Fertility Program (OFP). The expansion is expected to triple the number of families who can benefit from publicly funded fertility supports.

Deputy Premier and Minister of Health Sylvia Jones made the announcement at Toronto’s newly opened Pollin Fertility Clinic, highlighting the government’s commitment to helping more Ontarians start and grow their families. “Our investment in these 25 clinics will help shorten waitlists and ensure more people can access the care they need, closer to home,” Jones said.

The funding will support an additional 5,000 IVF cycles in 2025–26, with further investments planned through 2028. By then, all publicly funded fertility clinics will be required to meet national accreditation standards to ensure consistent quality of care.

This expansion builds on the province’s Your Health: A Plan for Connected and Convenient Care, which seeks to make fertility services more accessible, equitable, and patient-centered across Ontario.


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